CORTLAND ASSOCIATES INC/MO

CIK

1014315

Location

ST LOUIS, MO

Portfolio Value

Small $630,268,837

Diversification

Diversified

Filing Date

Global Rank

#2,307 / 8,605 ▼ 92 · as of Mar 2026

Top Industry

Insurance Brokers 12.4%

3Y Alpha vs SPY

-12.3%

Period ended 3 months ago

Filed Apr 30, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+26.0%

SPY

+76.5%

Annualised alpha

-12.8%

Max drawdown

−26.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

48 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.3%

−0.3 pts

Top 5

38.4%

−2.2 pts

Top 10

65.0%

−5.0 pts

HHI

541

Diversified−45

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	35.2%	$221,983,569	11
Consumer Cyclical	15.5%	$97,426,224	4
Healthcare	15.4%	$96,889,154	8
Industrials	8.3%	$52,149,560	7
Technology	8.3%	$52,014,095	4
Energy	6.6%	$41,779,010	3
Consumer Defensive	5.5%	$34,902,397	6
Communication Services	3.7%	$23,217,594	1
Real Estate	1.2%	$7,302,306	1
Basic Materials	0.4%	$2,225,004	2
Unclassified	0.1%	$379,924	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
KD	Kyndryl Holdings, Inc.	+1,205,233	3,286,561	$43,119,680
BRO	Brown & Brown, Inc.	+103,034	392,479	$25,593,555
KKR	KKR & Co. Inc.	+56,927	285,618	$26,419,665
BKNG	Booking Holdings Inc.	+1,771	11,858	$49,925,972
MO	Altria Group, Inc.	+160	10,823	$714,209
MDLZ	Mondelez International, Inc.	+40	5,984	$344,917
MDY	Spdr S&P Midcap 400 ETF Trust	+36	616	$379,924
CMI	Cummins Inc	+2	525	$282,460
HD	Home Depot, Inc.	+1	710	$233,511
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
OWL	Blue Owl Capital Inc.	−41,825	1,322,568	$12,075,045
FA	First Advantage Corp	−30,365	905,339	$10,646,786
RYAAY	Ryanair Holdings PLC	−19,682	673,290	$38,916,162
TPL	Texas Pacific Land Corp	−14,259	28,898	$13,713,834
FCNCA	First Citizens Bancshares Inc /De/	−10,118	17,321	$32,644,195
LB	LandBridge Co LLC	−9,572	398,708	$27,530,787
WTW	Willis Towers Watson PLC	−6,535	180,326	$52,420,768
AMZN	Amazon Com Inc	−6,306	225,344	$46,932,394
PM	Philip Morris International Inc.	−4,057	197,837	$32,710,369
CI	Cigna Group	−3,941	120,487	$32,139,907
DHR	Danaher Corp /De/	−3,844	166,024	$31,478,150
V	Visa Inc.	−3,298	164,120	$49,603,628
AAPL	Apple Inc.	−2,266	24,058	$6,105,679
CSGP	Costar Group, Inc.	−2,125	181,019	$7,302,306
GOOGL	Alphabet Inc.	−1,729	80,740	$23,217,594
ICE	Intercontinental Exchange, Inc.	−1,644	51,997	$8,178,088
COF	Capital One Financial Corp	−1,308	65,742	$11,993,313
MRK	Merck & Co., Inc.	−884	3,696	$444,591
BRK-B	Berkshire Hathaway Inc	−587	5,031	$2,410,855
JNJ	Johnson & Johnson	−349	1,489	$363,971
IDXX	Idexx Laboratories Inc /De	−219	5,291	$2,972,959
MSFT	Microsoft Corp	−113	6,114	$2,263,219
CAT	Caterpillar Inc	−99	2,090	$1,480,681
WMT	Walmart Inc.	−99	2,069	$257,135
PG	PROCTER & GAMBLE Co	−83	4,300	$621,092
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
BDX	Becton Dickinson & Co	153,972	$24,209,017
WAT	Waters Corp /De/	17,023	$5,069,449
AMGN	Amgen Inc	600	$211,110
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
JD	JD.com, Inc.	155,104	$4,451,484
NVDA	Nvidia Corp	1,302	$242,823
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

48 positions · $630,268,837 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WTW	Willis Towers Watson PLC Financial Services	Reduced	180,326	-6,535	$52,420,768	−14.6%	8.32%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	11,858	+1,771	$49,925,972	−7.6%	7.92%
V	Visa Inc. Financial Services	Reduced	164,120	-3,298	$49,603,628	−15.5%	7.87%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	225,344	-6,306	$46,932,394	−12.2%	7.45%
KD	Kyndryl Holdings, Inc. Technology	Added	3,286,561	+1,205,233	$43,119,680	−22.0%	6.84%
RYAAY	Ryanair Holdings PLC Industrials	Reduced	673,290	-19,682	$38,916,162	−22.2%	6.17%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	197,837	-4,057	$32,710,369	+1.0%	5.19%
FCNCA	First Citizens Bancshares Inc /De/ Financial Services	Reduced	17,321	-10,118	$32,644,195	−44.6%	5.18%
CI	Cigna Group Healthcare	Reduced	120,487	-3,941	$32,139,907	−6.2%	5.10%
DHR	Danaher Corp /De/ Healthcare	Reduced	166,024	-3,844	$31,478,150	−19.1%	4.99%
LB	LandBridge Co LLC Energy	Reduced	398,708	-9,572	$27,530,787	+37.6%	4.37%
KKR	KKR & Co. Inc. Financial Services	Added	285,618	+56,927	$26,419,665	−9.4%	4.19%
BRO	Brown & Brown, Inc. Financial Services	Added	392,479	+103,034	$25,593,555	+10.9%	4.06%
BDX	Becton Dickinson & Co Healthcare	NEW	153,972	NEW	$24,209,017	NEW	3.84%
GOOGL	Alphabet Inc. Communication Services	Reduced	80,740	-1,729	$23,217,594	−10.1%	3.68%
TPL	Texas Pacific Land Corp Energy	Reduced	28,898	-14,259	$13,713,834	+10.6%	2.18%
OWL	Blue Owl Capital Inc. Financial Services	Reduced	1,322,568	-41,825	$12,075,045	−40.8%	1.92%
COF	Capital One Financial Corp Financial Services	Reduced	65,742	-1,308	$11,993,313	−26.2%	1.90%
FA	First Advantage Corp Industrials	Reduced	905,339	-30,365	$10,646,786	−21.7%	1.69%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	51,997	-1,644	$8,178,088	−5.9%	1.30%
CSGP	Costar Group, Inc. Real Estate	Reduced	181,019	-2,125	$7,302,306	−40.7%	1.16%
AAPL	Apple Inc. Technology	Reduced	24,058	-2,266	$6,105,679	−14.7%	0.97%
WAT	Waters Corp /De/ Healthcare	NEW	17,023	NEW	$5,069,449	NEW	0.80%
IDXX	Idexx Laboratories Inc /De Healthcare	Reduced	5,291	-219	$2,972,959	−20.2%	0.47%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	5,031	-587	$2,410,855	−14.6%	0.38%
MSFT	Microsoft Corp Technology	Reduced	6,114	-113	$2,263,219	−24.8%	0.36%
CAT	Caterpillar Inc Industrials	Reduced	2,090	-99	$1,480,681	+18.1%	0.23%
SHW	Sherwin Williams Co Basic Materials	Held	3,900	0	$1,250,145	−1.1%	0.20%
FNV	FRANCO NEVADA Corp Basic Materials	Held	3,946	0	$974,859	+19.2%	0.15%
MO	Altria Group, Inc. Consumer Defensive	Added	10,823	+160	$714,209	+16.2%	0.11%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	4,300	-83	$621,092	−1.1%	0.10%
PBA	Pembina Pipeline Corp Energy	Held	11,939	0	$534,389	+17.6%	0.08%
CSCO	Cisco Systems, Inc. Technology	Held	6,773	0	$525,517	+0.7%	0.08%
MRK	Merck & Co., Inc. Healthcare	Reduced	3,696	-884	$444,591	−7.8%	0.07%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	616	+36	$379,924	+8.6%	0.06%
JNJ	Johnson & Johnson Healthcare	Reduced	1,489	-349	$363,971	−4.3%	0.06%
BN	BROOKFIELD Corp /ON/ Financial Services	Held	8,851	0	$358,199	−11.8%	0.06%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	5,984	+40	$344,917	+7.8%	0.05%
DE	Deere & Co Industrials	Held	606	0	$341,359	+21.0%	0.05%
DOO	BRP Inc. Consumer Cyclical	Held	4,656	0	$334,347	+1.5%	0.05%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	1,444	-50	$286,258	−15.9%	0.05%
CMI	Cummins Inc Industrials	Added	525	+2	$282,460	+5.8%	0.04%
UNP	Union Pacific Corp Industrials	Held	1,103	0	$267,609	+4.9%	0.04%
WMT	Walmart Inc. Consumer Defensive	Reduced	2,069	-99	$257,135	+6.5%	0.04%
PEP	Pepsico Inc Consumer Defensive	Held	1,640	0	$254,675	+8.2%	0.04%
HD	Home Depot, Inc. Consumer Cyclical	Added	710	+1	$233,511	−4.3%	0.04%
ADT	ADT Inc. Industrials	Held	32,649	0	$214,503	−18.6%	0.03%
AMGN	Amgen Inc Healthcare	NEW	600	NEW	$211,110	NEW	0.03%